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Account Balance

Account Number

Every cardholder's account is identified by an account number. Protect it and never give it out over the telephone unless you initiated the call.

Activate

To prevent fraud, many card issuers require you to call them when you receive your new card in the mail to verify that the correct person has received it. Until proper ownership is confirmed, the card may not be activated.

Adjustable-Rate Loan

Also known as a variable-rate loan, usually charges a lower initial interest rate than a fixed-rate loan. The interest rate fluctuates over the life of the loan based on market conditions, but the loan agreement usually sets maximum and minimum rates. When interest rates rise, generally so do your loan payments; and when interest rates fall, your monthly payments may be lowered.

Adjusted Gross Income

Income less certain deductions and expenses (including those related to education). It is the amount on Line 21 of IRS Form 1040A (or Line 4 on 1040EZ or Line 35 on 1040). This amount is used for several purposes, including eligibility for tax benefits.

Administrator

The person appointed by the court to manage the estate of the decedent.

Advance Fee Loan

A loan calculated so that all finance charges and other creditor expenses are deducted before the consumer receives the principal.

Advertising

An announcementÔÇöusually paidÔÇöof a productÔÇÖs or serviceÔÇÖs benefits that is intended to encourage its purchase.

Affinity Credit Card

A credit card which is sponsored by two or more organizations. For example, the Citi AAdvantage card is sponsored by Citibank and American Airlines.

Age Requirement

To qualify for credit you must be at least 18 years old or have a parent or guardian as a co-signer.